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Cardano News: Hoskinson Eyes 2025 Developer Conference—Impact on ADA Price Forecast
Charles Hoskinson, the founder of Cardano (ADA), has recently proposed a significant event for the cryptocurrency – a massive developer conference in 2025. As the blockchain’s ecosystem continues to grow and gain momentum, many are wondering how this news may impact the price of ADA.
Charles Hoskinson took to the X platform, where he announced that he is planning to organize a large-scale developer conference for Cardano in 2025. This announcement comes at a time when the cryptocurrency has been facing a correction following recent upgrades like the Chang hardfork and the upcoming Cardano Constitution. At its yearly high of $1.32, ADA’s price had dropped to $1.06 as of this writing.
It is important to note that while ADA’s market capitalization stands at an impressive $37.2 billion, the coin has seen a 6.9% drop in the last seven days and a decline of 2.3% over the past 24 hours. As a result, some investors may be hesitant to jump in.
However, the cryptocurrency’s Relative Strength Index (RSI) suggests that it is currently experiencing a price correction due to being overbought. This could potentially pave the way for future gains once the market reaches an equilibrium state.
But what does this mean?
Source: www.crypto-news-flash.com
